Feb. 4 (Bloomberg) -- Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year, the chairwoman of a City Council committee said last night.

Every option, including tax and fee increases, bankruptcy and a state takeover through Pennsylvania’s Act 47 municipal oversight program will be considered, said Susan Brown-Wilson, chairwoman of the Budget and Finance Committee, which began a week of hearings last night to consider a 2010 spending plan.

Read an artical in the Russian newspaper Pravda stating the U.S. will be bankrupt in the not to distant future. This was over a year ago. We are taxed to death why don't the politicans get it. Pennsylvania is right up there on top. No wonder the state can't attract any businesses. TAXES TAXES TAXES TAXES!!!!!!!!!!!!!!!

Well, Cheese steak Eddie strikes again! I sure hope the PA statehouse is his last political post. I must admit I voted for him for the first term and have regretted it . Voted for Lynn Swan second time around.

wlape3 wrote:Well, Cheese steak Eddie strikes again! I sure hope the PA statehouse is his last political post. I must admit I voted for him for the first term and have regretted it . Voted for Lynn Swan second time around.

STILLRZ! Swann was the most exciting receiver we ever had. Saw him and the whole Stillrz team play against my high school faculty in a game of hoops for charity.

I could never figure out why the Republican party put Swann in as candidate, great guy but he had no political or really ambition what so ever. It was almost like a fixed election, out of the whole state there had to be someone that could have beat toll gate Ed, he wasn`t a popular Democrat. Makes one think that the big money fix was in.

Thats exactly what I mean about Rendell, he was well known even way out west in Pittsburgh, not a powerful candicate IMO. My son knows Lynn Swann fairly well, goes to the same A.club & when he was in the race my son & others would ask him a few questions & he just seemed to be disinterested, even in the debate they had he did poorly.

PA Pension Time Bomb Still Set to Explode in 2012. And to put it in perspective, PA's GDP is around $550B annually; compared to Greece at $350B. This needs to be emphasized to show readers we have our own European states residing within the United States.

PA Pension Time Bomb Still Set to Explode in 2012. And to put it in perspective, PA's GDP is around $550B annually; compared to Greece at $350B. This needs to be emphasized to show readers we have our own European states residing within the United States.

When it gets bad enough the leaders will arise that know how to say no. That's what happened in Germany in 1933 and France in 1790. In 1776 we were blessed with a group of leaders of genius, but it seems we are throwing their gift away in a frenzy of political greed.

I grew up in the great depression when a great many suffered real hardship but the American spirit was never more real, unlike today with its sickness of spirit. Maybe we need to let the bad times roll to re learn again what is important.